|
Workspace Group PLC on Monday said it sold Highway Business Park in east London, receiving £23.7 million for its share.
The London-based office space provider said the sale represented a ‘significant’ premium to the stake's September 30 valuation of £11.6 million.
Chief Executive Graham Clemett said: ‘Highway Business Park is a site where we had previously gained planning consent for a mixed-use scheme comprising residential units and a new business centre in an attractive East London location. However, we are always focused on maximising value from our assets and, in this case, we have achieved a significantly higher return by selling the site for an urban logistics scheme.’
Shares in Workspace were down 4.7% at 624.00 pence on Monday morning in London.
Copyright 2022 Alliance News Limited. All Rights Reserved.
|
